Sunday, May 2, 2010

79- I hate It When I Lose Track of $800,000.

RUPCO's Woodstock Commons attorney, Michael Moriello, along with his law partner, did not notice, apparently for EIGHT YEARS, that their bookkeeper was embezzling from them. How much did she get? Yes, $800,000.

In light of his current distraction, it is no wonder that Moriello can't differentiate an LLC from an LP, and a whole lot more.

I'm glad he is not MY attorney.

Great judge of character as well.

Moriello has been fighting madly to let RUPCO build Woodstock Commons, thereby making money for banks who invest. Concurrently, he is suing the bank his money was in when he ignored unauthorized withdrawals for EIGHT YEARS because he was working to make money for the other banks, or maybe the same banks. Ironic.

Banks! Can't live with 'em, can't live without 'em.


http://www.recordonline.com/apps/pbcs.dll/article?AID=/20100402/NEWS/4020331/-1/COMM0323

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